Leggett & Platt (LEG)
NYSEConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-09-04
$9.20-1.29%
Close 2026-08-26 · 1-day change
NYSEConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-09-04
QuarterlyIQ Insights · LEG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -40.3% |
| Our one-year growth estimate | diamond | 0.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 41.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 15 industry peers · Company calendar date is not available
LEG — M&A activity — Changes in Control of Registrant
Dated 2026-08-26
Changes in Control of Registrant. The information set forth in the Introductory Note, Item 2.01, Item 3.01, and
Why it matters: Regulatory approval is the last step before closing the merger. This will finalize the deal and impact future operations.
Supportive ifThe authorities approve the merger.
Worry ifThe authorities deny the merger or add rules that delay it.
Why it matters: This approval is key for the merger with Somnigroup. If approved, it moves the merger forward.
Supportive ifShareholders vote in favor of the merger at the special meeting.
Worry ifShareholders said no to the merger proposal at the meeting.
Why it matters: Keeping or raising EPS shows strength during market challenges.
Supportive ifQ3 adjusted EPS reported above $0.33.
Worry ifQ3 adjusted EPS falls below $0.33.
Why it matters: More declines would show ongoing problems in the residential market. This would hurt Leggett & Platt's sales.
Worry ifReports show the U.S. mattress market declines by more than 10% year over year.
Less concerning ifReports indicate stabilization or growth in the U.S. mattress market.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$199 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $358 loss on $10,000 · 3.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,851 loss on $10,000 · 28.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Earnings show how well the company is recovering. They also show how well it operates.
Supportive ifQ2 2026 earnings per share (EPS) meets or exceeds the guidance range of $0.92 to $1.38.
Worry ifQ2 2026 EPS falls below the guidance range.
Why it matters: Improving cash flow is crucial for financial health. It shows the company is managing costs better.
Supportive ifCash flow from operations increases to above 40% of revenue.
Worry ifCash flow from operations remains below 30% of revenue.
Why it matters: The merger will create a bigger company. This may help its market position and finances.
Supportive ifThe merger closes. Leggett & Platt becomes a part of Somnigroup.
Worry ifThe merger fails to close by the end of 2026 due to unresolved issues.
Why it matters: The new CEO's plans could change how the company works and performs.
Watch forPositive news or changes in plans came after the CEO change.
Also watch forBad news or no clear plans came after the CEO change.
Why it matters: Better cash flow is key for financial health. It helps with operations and investments.
Supportive ifOperating cash flow is positive and better than in Q2 2026.
Worry ifOperating cash flow stays negative or gets worse in Q3 2026.
Why it matters: Higher transportation costs may hurt profits. How the company handles this matters.
Worry ifLeggett & Platt shares a plan to handle rising transportation costs well.
Less concerning ifLeggett & Platt warns of more margin loss due to transportation costs.
Why it matters: Shareholder returns show that management trusts cash flow and profits. This affects how investors feel.
Supportive ifA dividend increase or a share buyback program is announced.
Worry ifThere is no news about higher dividends or buybacks.
Why it matters: Earnings results will show if the company is improving or struggling. A miss would confirm ongoing issues.
Worry ifQ2 earnings per share falls below the consensus estimate.
Less concerning ifQ2 earnings per share meets or exceeds the consensus estimate.
Why it matters: Positive cash flow is essential for financial health and supports the merger's success.
Supportive ifOperating cash flow reported as positive in Q2 2026.
Worry ifOperating cash flow reported as negative in Q2 2026.
Why it matters: This shows good cost control. It also shows recovery from market problems.
Supportive ifAdjusted EBIT goes up from $89 million in Q2 2026.
Worry ifAdjusted EBIT goes down from $89 million in Q2 2026.
Why it matters: Good cost management is important for better cash flow and profits in this tough market.
Supportive ifManagement says they are doing well at cutting costs. They are also working on being more efficient.
Worry ifManagement says they have problems with cost management. Costs are also going up.
Why it matters: Better margins mean the company is managing costs well. This shows good efficiency.
Supportive ifGross profit margins improve from the current level of 170.7M.
Worry ifGross profit margins decrease further from 170.7M.
Why it matters: Stable cash flow is important for running the business. It helps with shareholder returns.
Supportive ifCash from operations is now positive after being -$56.1M.
Worry ifCash from operations is still negative or getting worse.
Why it matters: A big drop in sales shows challenges in the market. This can hurt investor confidence.
Worry ifQ3 sales decline more than 6% year-over-year. This shows worsening market conditions.
Less concerning ifQ3 sales decline less than 6% year-over-year. This may show signs of stabilization.